Simple as 1-2-3

forex live trades, setups, charts

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onontsira
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Postby onontsira » Fri Apr 18, 2014 5:37 pm

Hi Ric,

I had a look at your strategy on the last few months (backtest) and it seems to provide nice results. Do you trade this CCi trendline breakout strategy with other futures?

Despite I'm more of a Supply/Demand trader, I like the ease in use of your method and Dchappy's one.

Have a great week-end!

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RicG
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Postby RicG » Fri Apr 18, 2014 6:17 pm

onontsira wrote:Hi Ric,

I had a look at your strategy on the last few months (backtest) and it seems to provide nice results. Do you trade this CCi trendline breakout strategy with other futures?

Despite I'm more of a Supply/Demand trader, I like the ease in use of your method and Dchappy's one.

Have a great week-end!



Hi onontsira,

I have not traded or backtested this strategy on any futures other than the NQ. My gut feel is that it would work nicely with other markets. I know that dchappy traded it a bit on the YM and posted some nice results.

If you have a specific futures vehicle that you're interested in trading, I'd suggest that you manually backtest it for the most recent 90 trading days to see what the expectancy is for that market, which is what I did before I started trading it on the NQ. If you decide to do that, I'd love to see you post the results in this thread. I, along with others, might want to use the strategy to trade that market as well!

Best wishes,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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onontsira
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Postby onontsira » Fri Apr 18, 2014 6:32 pm

I will do that. It's not much work if I do this for a 90 days period.

And will let you know what are the results, for sure!

:wink:

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RicG
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Postby RicG » Fri Apr 18, 2014 7:11 pm

onontsira wrote:I will do that. It's not much work if I do this for a 90 days period.

And will let you know what are the results, for sure!

:wink:


Very cool, I look foward to your results. What market are you going to test it on?

Also, the reason I suggest manually backtesting using the most recent 90 trading days is that I've found through the years that usually will give the most accurate expectancy for the next 90 day period. Obviously, expectancy is not a guarantee - that's why the name expect-ancy. And the "personality" of any market can change at any time, CL being a textbook example as of late. Having said that, I would never trade any strategy that didn't have a really good expectancy from the most recent period.

Good luck,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

dchappy
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Postby dchappy » Mon Aug 11, 2014 7:52 am

Trading can be as simple or as hard as you want to make it .

No matter what style or method you choose to practice ,

I believe the best path to becoming successful is to simplify..simplify..

simplify ..
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nicoacademia
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Postby nicoacademia » Mon Aug 11, 2014 8:44 am

great to see you back dchappy!
hope you enjoyed your summer!

btw what settings of the macd are you using?

thanks.

im surprised you still look at forex :)

dchappy
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Postby dchappy » Mon Aug 11, 2014 3:01 pm

nicoacademia wrote:great to see you back dchappy!
hope you enjoyed your summer!

btw what settings of the macd are you using?

thanks.

im surprised you still look at forex :)


I stick with the defaullt setting 12-26-9 .

If I lived across the pond , Forex would be my #1 choice . The early hr

opens are too hard on my sleep here . But I still enjoy a currency trade

now & then . Thanks for asking ..............

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westcountry
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Postby westcountry » Mon Aug 11, 2014 10:15 pm

Dchappy,

Great to see you staying in touch here (thanks). Truly love the simplicity and success in your trading. Thanks for sharing.

Westcountry

nicoacademia
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Postby nicoacademia » Fri Aug 15, 2014 6:49 pm

been eyeballing it on 5m chart for the week.
i trade for my living from this timeframe using other systems.

thanks dchappy. this... its sharp.



profit taken and rolling the rest.
i take the body close below the body line. ignoring the wicks.

any opinion/experience on this DC?

nicoacademia
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Postby nicoacademia » Tue Aug 19, 2014 8:13 pm


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